LED Bottles to PPE
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A company that started with LED message vodka bottles successfully pivoted during COVID to become a major PPE supplier, securing $100M+ government contracts.
Key Points:
-
Original Business (2014):
- Created vodka bottles with programmable LED displays
- Could display custom messages like birthday greetings
- Had Shaq as an advisor
-
COVID Pivot:
- Completely shifted from vodka bottles to PPE production
- Products included:
- N95 masks
- Respirators
- Testing kits
- Safety equipment
-
Post-Pivot Success:
- Secured $113M government contracts
- Became sole testing provider for major venues:
- Lakers stadium
- Levi's stadium
- Multiple $100M+ contracts for safety equipment
-
Business Model:
- Estimated 10-15% profit margins on contracts
- Potentially higher margins during early COVID when price sensitivity was low
- Complete transformation of manufacturing and production facilities
This pivot demonstrates how a company with manufacturing capabilities was able to completely transform their business model to meet urgent market demands during COVID.
02:35 - 04:14
Full video: 59:09SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.